IQ4Capital Forex Broker

Note: IQ4Capital's official website: https://www.iq4capital.com/ is currently inaccessible normally. IQ4Capital Review Summary Founded2020 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsForex pairs and CFDs on stocks, commodities, indices and crypto coins Demo Account/ LeverageUp to 1:200 EUR/ USD Spread/ Trading PlatformsWeb trader Minimum Deposit$200 Customer SupportPhone and email IQ4Capital, founded in 2020 and registered in the United Kingdom, operates as an unregulated trading platform offering miscellaneous market instruments. They provide access to a web-based trading platform with a minimum deposit requirement of $200. However, the platform charges high inactivity fee. Besides, it has no regulation and their website is not available.Pros and Cons ProsCons Various trading productsNot regulated Inaccessible website Excessively high fees for inactive account No MT4Is IQ4Capital Legit? IQ4Capital is not legit, because they are not regulated, and their website is virtually anonymous. Besides, its current status is “clientTransferProhibited,” meaning that the domain cannot be transferred to another registrar at this time.What Can I Trade on IQ4Capital? IQ4Capital offers a great variety of forex pairs and CFDs on stocks, commodities, indices and crypto coins. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices✔ Cryptocurrencies✔ Stocks✔ ETFs❌ Bonds❌ Mutual Funds❌IQ4Capital Fees IQ4Capital imposes a service fee for the Inactive Account, amounting to 500 EUR, on the unused balance of the Clients account, which is charged after just 30 days, is absurdly high. Legitimate brokers typically charge an inactivity fee of no more than 20 USD, and only after an account has been inactive for over a year.Trading Platform IQ4Capital offers a web trader to trade. It is a cheap and unsophisticated platform that does not do much to enhance clients trading experience. On their platform, there is limited services provided including bid/ask price, the EUR/USD currency pair with the fluctuation in its price, new orders and so on.Deposit and Withdrawal IQ4Capital supports credit cards, Skrill, Sepa, Neteller and bank transfer. There is no information about the minimum withdrawal amount. It takes up to 10 business days to process a withdrawal request via bank wire and 15 days via credit card which is a very long time, indeed. Also, the fee for a bank transfer is 25 EUR.Customer Service Contact OptionsDetails Phone+442045254649 / +442080891599 Emailsupport@iq4capital.com Contact Form❌ Online Chat❌ Social Media❌ Supported LanguageEnglish, German Website Language❌ Physical Address5 Canada Square, Canary Wharf, London, E14 5HQ United KingdomThe Bottom Line In conclusion, IQ4Capital presents several drawbacks. While it offers various trading instruments, its lack of regulation and the anonymity of its operations significantly undermine its credibility. The excessively high inactivity fee of 500 EUR raises red flags.FAQs Is IQ4Capital safe? No. It is not regulated by any institution, Is IQ4Capital a good for beginners? No. Beginners should look for regulated brokers with more clear transaction information. What security measures does IQ4Capital have in place to protect my funds and personal information? No.